ADX partners with Mashreq to provide trading access

The Abu Dhabi Securities Exchange (ADX) has partnered with Mashreq Securities to simplify and streamline the digital onboarding process for Mashreq customers, providing them with instant access to trading on the Exchange. The partnership was formalised through a memorandum of understanding (MoU) with Mashreq and an access and process agreement with Mashreq Securities.

As part of the agreement, ADX and Mashreq will collaborate to introduce a straightforward process for individuals to obtain a National Investor Number (NIN) and set up a trading account. The new process will eliminate the need to print, sign, and email documents, using a secure digital platform.

The partnership supports ADX’s strategy to leverage digital technology to increase access to investment opportunities and widen its investor base, ultimately enhancing market liquidity. In 2022, the trading value on the ADX reached Dhs 450 billion, a nearly 21.9% increase from the previous year, due to a steady stream of listings and growing interest from regional and international investors.

Abdulla Salem ALNuaimi, Chief Operations Officer of Abu Dhabi Securities Exchange, said, “ADX is delighted to partner with Mashreq to provide its customers with quick and easy access to the growing number of securities listed on the Exchange. Working with partners to facilitate access to the unique growth opportunities offered on ADX supports our mission to drive opportunity and growth through an innovative, dynamic and transparent marketplace.”